Basil 31 Mar 2021 14:40
Is it correct that Basil 3 puts physical & paper gold on 1:1 ratio, meaning banks & LBM cannot sell or trade more paper gold than they have in physical reserve? Is it correct that basil 3 lowers the gold asset class risk from 3 to 1, making it worth substantially more on the books, meaning it will become much more attractive for banks, & institutions to own and increase their reserves. What else comes with basil 3 and can they delay it more than they already have?